Monday, June 3, 2013
Chengdu is the Dallas of China
Chengdu is one of the largest cities in Southwest China, with 14 million people in the greater metropolitan area. It is one of the largest inland cities in China and it is more than 1200 km from the coast. "Chengdu Hi-tech Industrial Development Zone has attracted a variety of multinationals, at least 30 Fortune 500 companies and 12,000 domestic companies, including Intel, IBM, Cisco, NOKIA, Motorola, SAP, Siemens, Canon, HP,Xerox, Microsoft, Tieto, NIIT and Wipro, as well as domestic powerhouses such as Lenovo. Dell plans to open its second major China operations center in 2011 in Chengdu." "Chengdu is positioning itself to be a financial center for Western China and has successfully attracted major international financial institutions, including Citigroup, HSBC,Standard Chartered Bank, ABN AMRO, BNP Paribas, JPMorgan Chase and The Bank of Tokyo-Mitsubishi UFJ." "More than 150,000 people in Chengdu are engaged in software-related work. Among the Top 10 service outsourcing enterprises in the world, Accenture, IBM, and Wipro are based in Chengdu. In addition, 20 international enterprises including Motorola, Ubi Soft Entertainment, and Agilent, have set up internal shared service centers or R&D centers in Chengdu." "Chengdu Aircraft Company is also currently developing the J-20 Black Eagle stealth fighter. The company is one of the major manufacturers of Chinese Military aviation technology." [Source:wikipedia]
Dallas is the largest city in the Dallas-Ft. Worth Metroplex with a population of 6.5 million, making it the largest metropolitan area in the South and the 4th largest in the country (behind New York, Los Angeles and Chicago). "The Metroplex also contains the largest Information Technology industry base in the state (often referred to as Silicon Prairie or the Telecom Corridor), owing to the large number of corporate IT projects and the presence of numerous electronics, computing and telecommunication firms such as Texas Instruments, HP Enterprise Services, Dell Services, i2,AT&T, Ericsson, CA and Verizon in and around Dallas." "Several major defense manufacturers, including Lockheed Martin, Bell Helicopter Textron, and Raytheon, maintain significant operations in the Metroplex." The Dallas-Fort Worth Metroplex has one of the largest concentrations of corporate headquarters for publicly traded companies in the United States. The city of Dallas has 12 Fortune 500 companies, and the DFW region as a whole has 20. In 2007–08, Comerica Bank and AT&T located their headquarters in Dallas. Irving is home to four Fortune 500 companies of its own, including ExxonMobil, the most profitable company in the world and the second largest by revenue for 2008." [Source:wikipedia]
See also: China's Heartland Capital: Chengdu
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